About The Hollywood Film Industry

The Hollywood film industry is an amalgamation of technological and commercial institutions of filmmaking. It generally consists of film production companies, film studios, cinematography, film production, screenwriting, pre-production, post production, film festivals, actors, directors, and film personnel.

Today the Hollywood film industry is positioned across the world. In this 21st century, the major business centers of filmmaking are concentrated in United States, India and China. Hollywood is a district in Los Angeles, California that is situated in west- northwest of Downtown Los Angeles. Due to its fame and cultural individuality of movie studios and movie stars, the word Hollywood is often used as a connotation for the cinema of United States which is popularly known as the Hollywood film Industry.

The history of the Hollywood Film Industry probably started in the hands of D.W. Griffith when the Biograph Company sent him and his crew. They started filming on a vacant lot in downtown Los Angeles in early 1910. Soon the company decided to explore new territories to find that the region was quite friendly and enjoyable for shooting.

Therefore, Griffith filmed the first ever movie shot in Hollywood. The title of the film was “In Old California”. The movie company then stayed there for months to shoot several of their films and returned to New York.

Starting in 1913, this wonderful place came into the limelight when moviemakers started heading to the west. The first feature film made in Hollywood was called ‘The Squaw Man” This resulted in the birth of Hollywood Film Industry.

Nestor Studio, founded in 1911 was the first movie studio in Hollywood. Fifteen other small studios also settled in Hollywood. Gradually, Hollywood came to be so powerfully associated with the film industry that this term began to be used as a synonym for the entire industry.

During the time period of the first World War, Hollywood become the movie capital of the world. Previously mentioned, Nester studio became the Hollywood Digital Laboratory. By the year 1950, music recording studios and offices began moving to Hollywood, though much of the movie industry remained there.

The world famous Hollywood Walk of Fame was constructed in the year 1958 and the first star was placed in 1960. The Walk of Fame was placed as a tribute to the artists working in the entertainment industry. It is embedded with more than 2,000 five pointed stars featuring the names of celebrities, as well as fictional characters.

Self-financing Hollywood Historic Trust maintains this Walk of Fame. The first star to receive this honor was Joanne Woodward. The artist received a star based on career and lifetime achievements in motion pictures, live theatres, radio, television, and music.

The famous Hollywood symbol, originally read Hollywoodland, was constructed in the year 1923 as an advertisement of a new housing development. The sign was left to worsen until in 1949 the Hollywood Chamber of Commerce repaired and removed the last four letters.

The sign located at Mount Lee, is now a registered trademark hence cannot be …

Decision Making In Business

Decision Making

Decisions are a part of our every day life, and it is no different in the business sector.

“A decision is the choice between alternatives that individuals must make to get from where they are, to where they want to be.”

Business’ have to make decisions on the following:
What to produce?
What method of production?
What price to charge customers?
What suppliers to use?
Where to locate?
How many people to employ?
What wages to pay staff?
What method of advertising?

Although all decisions are important, some decisions are more vital than others, as they can effect the survival of the business.
Other decisions will be of a more routine nature.
Eg – Do we take over a competitor?
Do we need to order more stationary?

3 Man Types of Decisions:

-Strategic Decisions-
Long-term decisions that effect the profitability and survival of a business.
Closely related to the aims of the business.
These decisions involve the most risk.
Strategic decisions are made by the top people in an organisation; CEs, Boards of Directors and Senior Managers.
Decisions that form the business’ long-term strategy, 10-15 years.
Example; Increase market share by 12% over the next 5 years.

-Tactical Decisions-
Short to medium decisions that are based upon the strategic decisions of the business.
Closely related to the objectives of the business (how will the strategic aims be met)
Tactical decisions are constantly reviewed and updated.
Example; Setting sales targets for the next 12 months.

-Operational Decisions-
Routine day to day decisions made by a business.
Helps organizations to achieve their objectives.
Involve solving short-term practical problems.
Sales managers assigning jobs to sale staff.…